Italy's banking industry has reportedly seen seven merger and acquisition deals underway or recently concluded, with some interrelated deals.
Key deals include UniCredit's offer to buy Banco BPM, Banco BPM's acquisition of Anima Holding, and Monte dei Paschi's offer to buy Mediobanca.
EU competition authorities extended the deadline for deciding on UniCredit's proposed acquisition of Banco BPM to June 19, caused by a request from a national regulator.
UniCredit's bid for Banco BPM and other M&A activities have reshaped the Italian banking sector, with strategic moves happening among major banks.